VeriSign (VRSN) Getting Somewhat Positive Press Coverage, Study Shows
News stories about VeriSign (NASDAQ:VRSN) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. VeriSign earned a news impact score of 0.15 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 46.4779324247153 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Verisign Announces 3.25% Junior Subordinated Convertible Debentures Due 2037 to Pay Contingent Interest – Business Wire (press release) (businesswire.com)
- Town Sports International Holdings Inc (CLUB), and Verisign Inc (VRSN) Seeing Increased Action in Session – Sparta Review (spartareview.com)
- Investors Swarm in on VeriSign, Inc. (NASDAQ:VRSN) and Huntington Ingalls Industries, Inc. (NYSE:HII) Shares – FLBC News (flbcnews.com)
- Ripe for A Big Move? Update on VeriSign, Inc. (NASDAQ:VRSN) – FLBC News (flbcnews.com)
- ETFs with exposure to VeriSign, Inc. : August 14, 2017 (finance.yahoo.com)
VeriSign (VRSN) traded up 0.67% on Wednesday, reaching $99.23. The company’s stock had a trading volume of 474,135 shares. The stock has a market cap of $9.92 billion, a PE ratio of 27.05 and a beta of 1.20. The company’s 50 day moving average price is $97.93 and its 200-day moving average price is $90.22. VeriSign has a 12-month low of $74.01 and a 12-month high of $103.79.
VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.06. The business had revenue of $289 million during the quarter, compared to analyst estimates of $287.47 million. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. On average, equities analysts expect that VeriSign will post $3.97 EPS for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub downgraded VeriSign from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Finally, Cowen and Company reiterated a “market perform” rating and set a $94.00 price target on shares of VeriSign in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. VeriSign currently has a consensus rating of “Hold” and a consensus target price of $87.75.
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In other news, Director Timothy Tomlinson sold 1,240 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total value of $125,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by company insiders.
VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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